Munich / DE. (bag) Germany’s BayWa AG closed the financial year 2022 by setting new records in revenues and earnings. In doing so, the company continued the outstanding business performance that had already been indicated over the course of the year and successfully built on the growth momentum of previous years despite the numerous challenges facing the market. The SDAX-listed Group recorded earnings before interest and tax (Ebit) of EUR 504.1 million (2021: EUR 266.6 million) – up almost 90 percent year on year. Revenues stood at EUR 27.1 billion in 2022 (2021: EUR 19.8 billion). The BayWa Board of Management will propose to the Supervisory Board to raise the dividend for 2022 to EUR 1.10 per share. In addition, a special dividend of 10 cents per share is to be paid this year to mark the 100th anniversary of BayWa AG.
BayWa’s supply function withstands uncertainty
«In a volatile market environment characterised by scarce resources and supply bottlenecks, BayWa proved in 2022 that it is a resilient partner times of crisis,» says Prof. Klaus Josef Lutz, Chief Executive Officer of BayWa AG. «In the financial year just ended, we witnessed a high level of demand in the areas of heat energy carriers, agricultural inputs and building materials – combined with a keen need for supply reliability and stability on the part of our customers. Thanks to forward-looking inventory and risk management, a broad supplier network and the knowledge and experience acquired over our company’s 100 years in business, we succeeded in meeting these needs and building on the growth momentum of recent years.» Detailed figures for FY-2022 BayWa AG will publish on 30 March 2023.